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A Whole Lot of Fed and Little Bit of Bitcoin
From macroeconomicpolicynexus.substack.com
Dear readers, next week is a big one for Fed watchers. Fed Chair Jerome Powell is expected to finally unveil what the Fed plans to do with its Flexible Average Inflation Targeting (FAIT) framework at the Jackson Hole Symposium. We will use this occasion as an opportunity to revisit the fate of FAIT once more, as well as two other reforms the Fed sorely needs: the overhaul of its operating system and the recapitalization its balance sheet. And to top it all off, we will take a fun detour at the end into Bitcoin, with highlights from my podcast recording at the Bitcoin Policy Institute’s 2025 Summit. But first, ... (full story)
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